Monday, December 4, 2023
Listen to this news
AkzoNobel proudly celebrated the tenth anniversary as a member of TfS – TOGETHER FOR SUSTAINABILITY AISBL (TfS). It has achieved its highest ever EcoVadis rating of 82/100 this year. This puts the company in the top 1% of all companies assessed. AkzoNobel’s long-standing commitment to sustainability continues to make a positive impact on its supply chain. This resulted in EcoVadis carrying out 4,700 assessments on more than 1,000 of the company’s suppliers.
Sustainability matters for AkzoNobel as it is one of the core values of the organisation. It has identified three key global topics – climate change, circularity, health and well-being to work on. The company has made a commitment to address these issues while preparing a better world for the future generation.
As a member of Together for Sustainability (TFS) the company has been proactively managing the sustainability performance and risk management of the suppliers since 2014. The TfS initiative provides infrastructure for one-line assessments carried out by EcoVadis – the partner of TfS and AkzoNobel – and on-site audits. Both programs are based on international standards and cover key sustainability areas like Environment, Labor and Human Rights, Health and Safety, Ethics and Responsible Supply Chains
The results of audits and assessments are shared across all TfS members, which helps the suppliers to limit the amount of assessment/audit.
AkzoNobel uses its super sustainability balanced scorecard to collect eco-performance KPIs on waste, energy and greenhouse gas emissions information including Product Carbon Footprint (PCF) in line the TfS PCF Guideline. This is to ensure that suppliers with a high impact on our carbon emission support the company’s SBTi target of reducing carbon emission by 50% by 2030.
Read more news on AkzoNobel